Does my EPC rating add value to my home? Does my EPC rating add value to my home?

Does my EPC rating add value to my home?

  When selling your home, you want to make the most out of its value.

No. 4424 from our magazine|2 min read| Published in Magazine on 13 March 2024 by our Marketing Team

Whether that is by creating kerb appeal or renovating the bathrooms, there are plenty of ways to increase your property’s price. An Energy Performance Certificate could add value to your home, and understanding the significance of an EPC rating is crucial.

What is an EPC rating?
The Energy Performance Certificate was first introduced to the government in 2007. It then became a legal requirement in 2008 to have an EPC rating when selling or renting a property.* This was put in place because 13% of emissions that contribute to global warming come directly from homes.** The result encouraged sellers and renters to adopt saving-energy measures, and the EPC ratings helped identify energy-efficient properties on the market. Energy-efficient homes were able to fetch a higher price on the market as they added value to the home.

The EPC gives you a rating from A to G on how energy-efficient your home is. With A being the most efficient and G being the least efficient. This EPC rating has been put in place to increase people’s knowledge and awareness of the effect homes have on global warming and hopefully decrease the overall emissions from properties within the UK.

How is my EPC rating calculated?
Numerous property-related factors go into calculating your EPC rating. To get an EPC rating on your property, you will need to find an energy assessor. An energy assessor will conduct an assessment and study the contributing factors in your home. The factors that contribute to your home’s EPC rating are your overall energy costs, your property’s internal layout, the boiler, insulation, windows, your central heating system, and any hot water tanks. It is important to plan for your assessment, for example, if you have loft insulation or have just had double glazing fitted, you need to present the paperwork to the assessor; they cannot just take your word for it.

How does my EPC rating affect my home’s value?
An EPC rating can determine how attractive a property is to potential buyers. This is because the more efficient a property is with energy, the lower the property’s monthly bills. The average home could increase its value by up to 14% if it improved its EPC rating from a G to a D.*** This increase in value is dependent on the property’s location.

How does my EPC rating affect my home’s value?
An EPC rating can determine how attractive a property is to potential buyers. This is because the more efficient a property is with energy, the lower the property’s monthly bills. The average home could increase its value by up to 14% if it improved its EPC rating from a G to a D.*** This increase in value is dependent on the property’s location.
 
How can I improve my EPC rating?
When you have your EPC assessment, you will be handed a certificate, which will introduce you to ways in which you can improve your rating. The main method for improving your EPC rating would be basic energy efficiency. Installing insulation within the home and surrounding pipes, light bulb replacement with energy-saving bulbs, upgrading your boiler and heating system, installing solar panels, a smart meter, and double or triple-glazed windows. These are the main contributing factors that can improve your EPC rating.

How can I maintain my EPC rating for the future?
An EPC rating costs around £60 to £120, as there is no set price as it depends on the size of your home. An EPC rating is required when a property is being sold or rented out. Unless a large renovation project has changed the property, an EPC can last up to 10 years on a property. If you plan to sell or rent your property out, we recommend getting an updated rating, as it could allow you to improve your rating overall and increase the value of your property in the future.
 
Contact us today if you’re looking to sell your home this spring

nexusenergysolutions*
Gov.uk**
Thegreenage***

This article was originally published by BriefYourMarket and is reproduced here with their permission.

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